Trading 212 SIPP

Theoretically, if Trading 212 introduced a SIPP today, allowing transfers from all UK SIPP providers (including Vanguard) before Invest Engine does, would you move your assests away from IE to T212?

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Definitely. You can’t seem to get a straight answer from IE over ETF’s, features and timelines.

Since some of these issues are of significant importance to investors, I expect a 212 SIPP would see a lot of people go.

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It seems that InvestEngine is struggling with a critical issue behind the scenes: the apparent lack of leadership and a clear vision when it comes to project management. Effective leadership is about setting a clear direction and providing the teams with the tools they need to succeed. Unfortunately, (it appears from the outside) the absence of well-defined project targets has left teams floundering, with little to guide their efforts towards achieving the desired outcomes.

Well-structured project targets are key to keeping teams focused and motivated. When goals are clear, everyone understands what’s expected and can align their efforts accordingly. Without these targets, it becomes far too easy for teams to lose momentum and work in a disjointed manner, which, in the long run, hurts the overall performance of the company.

Moreover, with proper project target planning, measurable targets can be set, and realistic completion timescales can be assigned. This is a fundamental aspect of business management. Without such planning, progress is slow, communication becomes unclear, and deadlines slip. Basic business principles are being overlooked here, and it’s starting to show in the overall performance of InvestEngine.

If the company is to regain its momentum and deliver the results everyone is hoping for, it’s crucial that leadership steps up and ensures proper project planning, with achievable targets and clear timelines, and most importantly, clear and honest communication with it’s stakeholders and clients. These simple but essential steps could make all the difference.

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Trading 212 are going to offer a SIPP as mentioned in its forums it’s already being worked on and will be released soon

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To be fair Trading212 announced that they were going to introduce a SIPP months ago and also nothing has happened.
At least IE have introduced a SIPP and allow a very limited transfer-in (from Vanguard).
I am now at the stage that I need a SIPP which trades in shares so whilst a year ago I would have transferred-in my SIPP I am very unlikely to do that now even if IE offered to accept transfers.

@PStaveley
Morning :grinning: :wave:
Trading 212 SIPP seems to be announced to be available “in the 1st quarter of 2025” - the quarter is still ongoing for a few more weeks.

This is also confirmed on the T212 Community boards:

As a journalist published some while ago (in this case in connection with railway planning): ‘Always mistrust schedules based on the seasons’.
I will not be holding my breath on 31st March 2025 waiting for that announcement :slight_smile:

Does T212 show roadmaps? Many most requested features on the forums from a couple years ago are still amongst the most requested

No. Both are/will be free and both have the ETFs I’m interested in. So changing would be pointless since I get nothing additional. Also my T212 account is already at the FCFS limit so I’ll be gradually selling rather than adding there

@blobbicka why not post on T212 forum?

There I’m czecherino but generally not very active on either

@blobbicka
Morning :grinning: :wave:,

That’s not the point.

The question is why are you asking about the T212 roadmaps on these 'ere boards? Surely the best place to ask your question about T212 roadmaps is on the actual T212 board for the SIPP?

Just sayin’…

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The point is @kyotoguardian complained about IE not being open about feature timelines and this thread is specifically about T212. So as threads go it’s a pretty relevant one to counter that T212 is also not so open about them

I expect T212 is largely the same. I do hold an account with them as well as it happens.

I think whoever delivered first will get the customers. My SIPP will go to whoever delivers on my needs first, for example.

There are some differences between the two. I prefer the IE interface but T212 has better offerings (hoping IE do some catch up later this month).

Took me ages to realise I didn’t need to first top up to the cash account :sweat_smile: one thing I potentially like (untested so far) is the portfolios could be treated like pies but with pie level history. I’ve been wanting that in T212 for years now since I have pies for my nephews and always wondering if I missed topping up for birthdays

I dislike the IE cash account sections - they were added without need or desire from customers, and make the platform look untidy. They serve absolutely no purpose and have led to all sorts of confusion amongst friends and others on this community.

IE, if you’re watching, get rid of them

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Hi @kyotoguardian - we’re usually watching :wink:. Or at the very least when we can! I’ve taken your comment and passed it on to the team to have a look at.